How much funding has Trendyol raised?

Trendyol has raised $1.5B in total funding, most recently a Series C round.

Who are Trendyol's investors?

Trendyol's investors include General Atlantic, SoftBank, Princeville Capital, Abu Dhabi Development Holding Company, Kleiner Perkins, ADQ.

Where is Trendyol headquartered?

Trendyol is headquartered in Istanbul, Turkey.

What industry is Trendyol in?

Trendyol operates in E-Commerce.

Trendyol

Istanbul, Turkey · $1.5B raised

E-Commerce

Headquarters: Istanbul
Employees: 10001+
Business Model: Marketplace
Website: trendyol.com

Total Funding: $1.5B
Last Round: $1.5B Series CAug 2021
Rounds: 2

About

Trendyol is Turkey's leading e-commerce marketplace and the most valuable e-commerce company in EMEA. Founded in 2010 by Demet Mutlu, Evren Üçok, and Begüm Tekin, it operates across 36 countries including 27 EU nations, the UK, 6 Gulf countries, and Azerbaijan. Alibaba Group holds approximately 70% of the company as of 2024, having invested over $1.4 billion since 2018. Trendyol became Turkey's first decacorn in 2021 at a $16.5 billion valuation following a $1.5 billion funding round with investors including SoftBank Vision Fund 2, General Atlantic, and Qatar Investment Authority. The platform delivers over 2.5 million packages daily, serves 40+ million active users, and operates Trendyol Express (its own delivery network), Dolap (second-hand marketplace), and Trendyol Tech (AI and R&D division). The company has launched its own large language model and expanded into Gulf markets with warehouses in Saudi Arabia and the UAE.

Summary

Trendyol is an E-Commerce company based in Istanbul, Turkey. It has raised $1.5B in total across 2 rounds, most recently a $1.5B Series C round in Aug 2021. Investors include General Atlantic, SoftBank and Princeville Capital.